Permanentum requires dependable attestations that storage providers are really saving the IPFS data they say they are but this is currently handled by a trusted, centralized oracle at evolute.software
Permanetum will integrate Orcfax oracle feeds to attest Filecoin storage contracts. Orcfax will apply its source data triangulation and decentralized validation methodology to deliver trustless feeds.
This is the total amount allocated to Orcfax IPFS Storage Attestations for Permanentum.
Peter van Garderen, Orcfax founder and CEO
The oracle in question depends on the Filecoin ecosystem, protocol, and on-chain data regardless whether this is reported on by the centralized evolute.software oracle or Orcfax's decentralized pool of data collectors and validators.
Project will be fully open source.
We want to utitilize Orcfax's oracle protocol to do trustless attestations of Filecoin storage. There are various architectures to achieve attestations of external events in a system of blockchain nodes. Unequivocally, is is simpler to have an extraneous party provide these attestations as making the nodes attest each other introduces highly complex dynamics.
Implementing this means medium scale changes to almost all Permanentum components and the creation of a Filecoin storage attestation oracle by the Orcfax team.
The Oracle introduced for Permanentum will also be available for use by other developers. Further decentralizing attestations means that Permanentum can address the critique of its dependence on a trusted oracle feed. Integrating decentralized Orcfax oracle feeds will encouraging more usage of the protocol and democratize it.
This Orcfax feed integration will introduce another novel application of the Cardano Open Oracle Protocol and provide practical use case examples for other integrators.
Orcfax's unique data source triangulation design will mean that Cardano will have the most trustless, high-quality Filecoin attestation datum available on-chain, compared to any other L1.
This proposal's success can be evaluate based on the success of the collaborating projects, Orcfax and Permanentum.
Success itself for Permanentum is measured in GBs secured (the volume of data being covered by storage bonds) and GBs retrieved (how much data would have been lost and was reinstated by pulling from the permanentum backups into IPFS again)
Orcfax counts success metrics based on data feeds integrated, their respective usage and integations with web3 projects.
Furthermore, finding usage of the Filecoin oracle by other projects should also be considered a success indicator.
Importantly, this proposal has also an indirect success aspect which is the strengthening of the developer ecosystem. By implementing this proposal we demonstrate
All these points can also be seen as success factors.
Permanentum is completely open source.
Any significant insights will be shared in:
The Orcfax project has a dedicated community management team that reports regularly on technical and business developments. The Orcfax team will share the outputs and results of this project via its Twitter and other social media accounts, as well as publicize it in Orcfax Twitterspaces and YouTube interviews.
evolute.software has been active in Cardano since 2020 with a variety of projects. We have a history of delivering software. Kiriakos Krastillis has over two decades of professional IT experience, either as a developer or as a manager. evolute.software is well networked in the software development and it security domains. We casually bring on domain experts to add extra depth on advanced topics but on our own we also are formidable devs.
Orcfax is a next-generation oracle platform that completely decentralizes data collection and validation in a permissionless manner while providing full audit logs for the flow of data through the platform. The Orcfax team is quickly become an influential player in the Cardano DeFi ecosystem as more projects and users begin to understand and see the need for standardized, trustless oracle feeds in their Cardano dApps. Orcfax is led by founder Peter Van Garderen, a renowned free and open source software developer in the digital heritage community.
Orcfax developers, analysts, and managers:
28 hours per week (.75 FTE - split between up to 6 team members)
x 16 weeks (4 months)
x $75 USD per hour = 300 ADA per hour (assuming 0.25 ADA/USD)
x 134,400 ADA.
Evolute.Software
M3: 6 Person days
M4: 6 Person days
M5: 7 Person days
M7: 2 Person days
Support for the Orcfax team M1 & M2: 3 Person days
Evolute Person Day rate: 760€
VAT: 19%
Total Person Days calculated: 24
₳/€ = 0.26
Ada: 76527₳
Totals
Total: 210927₳
Implementing this proposal successfully will
Kiriakos Krastillis: permanentum developer, founder of evolute.software
Peter van Garderen: Orcfax Founder & CEO